France is reducing bonuses for electric vehicle (EV) purchases for the wealthier half of households as it looks to rein in spending and keep incentives for the lower-income buyers. In a decree on Tuesday, France cuts the so-called ecological bonus for EV purchases for the wealthier 50% of households by $1,073 (1,000 euros). “There are two types of aid – for the poorest 50% of French people the bonus remains at 7,000 euros. For the richest 50% of French people, the bonus is now reduced from 5,000 euros to…
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